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Shaun,
If you think ExxonMobil is going to make a killing, you should buy some ExxonMobil stock. In other words, put your money where your mouth is. Their earnings as a percentage of revenue is much lower than the tech companies because they are much more capital intensive.
When COVID hit, oil prices went south and ExxonMobil laid off about 30 percent of their employees.
Oil prices and the related gasoline prices are very sensitive to supply/demand and nobody wants to do without.
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